One-Bedroom Residential Income
New
For Sale
$799,000
211 E 53rd Street 10-G, New York City, NY 10022
Renovated kitchen, extensive storage, and full-service building amenities enhance this flexible residential offering.
Property Size750 SF
Price / SF$1,065
Days on Market5
Property Features for 211 E 53rd Street 10-G
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour doorman
live-in superintendent
central laundry room
landscaped roof deck
bike room
storage
attached parking garage
Building Details
Building Size
750 SF
Year Built
1959
Listing Agency:
Cooper & Cooper Real Estate LLC
Listed By:
Eric Brown
(917) 554-9684
Source:
Lenasimpson
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 11:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cooper & Cooper Real Estate LLC
Investment Insights
Based on property information with market context.
Residence 10G is a 750 SF one-bedroom home in The Hawthorne, built in 1959. The layout includes an oversized living room with room for dining, a generously sized bedroom, wood flooring, multiple closets, a walk-in closet, and a renovated kitchen with stainless steel appliances, wood cabinetry, quartz countertops, and substantial workspace. Southern and eastern exposures provide natural light and city views.
The full-service condop includes a 24-hour doorman, live-in superintendent, central laundry, landscaped roof deck, bike room, storage, and an attached parking garage with direct building access. The property is positioned at 211 E 53rd Street near Midtown East and Sutton Place, with restaurants, cafes, markets, shopping, and nearby E, M, and 6 subway service. Liberal subletting policies and condominium-style rules support use as a primary residence, pied-a-terre, or investment property.
The full-service condop includes a 24-hour doorman, live-in superintendent, central laundry, landscaped roof deck, bike room, storage, and an attached parking garage with direct building access. The property is positioned at 211 E 53rd Street near Midtown East and Sutton Place, with restaurants, cafes, markets, shopping, and nearby E, M, and 6 subway service. Liberal subletting policies and condominium-style rules support use as a primary residence, pied-a-terre, or investment property.
Key Highlights
- 750 SF one‑bedroom residence at The Hawthorne
- Renovated kitchen with stainless steel appliances and quartz countertops
- Oversized living room with dedicated dining area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,465
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,300
$469.3K
Cap Rate 7%
$335,214
$335.2K
Cap Rate 9%
$260,722
$260.7K
Market Conditions
NOI Build-Up for 750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.9K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.7K $56.89/SF
− OpEx
−$19.2K −$25.60/SF
NOI
$23.5K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,300
Cap Rate 7%
$335,214
Cap Rate 9%
$260,722
Alternative Uses
Best Use
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
57,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen, extensive storage, and full-service building amenities enhance this flexible residential offering.
Where is this residential income property located?
The property is located at 211 E 53rd Street 10-G New York City, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 750 SF one‑bedroom residence at The Hawthorne; Renovated kitchen with stainless steel appliances and quartz countertops; Oversized living room with dedicated dining area
